INDIANAPOLIS, October 6, 2021 / PRNewswire / – Today, Heritage announced the combination of Heritage Battery Recycling, its battery management and recycling business, with Retriev Technologies, the world’s largest and most diverse lithium-ion battery processor. North America, with more than 30 years of activity. The combination with Retriev marks a key step in Heritage’s expansion to further develop a comprehensive recycling and reuse battery management platform. KBI, a long-time leader in battery recycling and management, will continue to be an active partner with Retriev. This transaction solidifies the maintenance of strategic handling technology and the ability to support the manufacturing sector nationwide, including U.S. OEMs investing at unprecedented levels to support the conversion to electric vehicles.
Retriev’s North American operations provide a unique platform to launch this partnership, with battery recycling and sorting facilities located in Lancaster, Ohio, Baltimore, Ohio, and Trail, British Columbia. KBI’s xEV Strategies division is also included in the transaction. Situated in Brea, California, xEV Strategies is a platform specializing in the testing, refurbishment, storage and logistics of large-format electric vehicle batteries. Associated with Heritage’s collection and transportation network through partnerships with Heritage Environmental Services (HES) and Heritage-Crystal Clean, Future Collaborative Operations represent the only comprehensive logistics, recycling and reuse platform available in the world. industry today.
“We are delighted to partner with Heritage to extend the reach and capabilities of Retriev,” said Steve kinsbursky, Chairman and CEO of Retriev and Chairman and CEO of KBI. “Our mission to bring a sustainable closed-loop recycling model for critical materials that are needed by the North American supply chain is one more step towards a reality with this merger. This partnership will ensure success in making it happen. of our shared vision of sustainability. With more than 30 years of commercial operation, Retriev is the only long-term lithium-ion battery recycling operation in North America. The addition of HBR and its affiliation with expertise Heritage’s environmental services network and its network of fully licensed collection facilities and transportation assets will further differentiate ourselves from Retriev as a one-stop solution for all battery management needs. “
In the future, Heritage Battery Recycling will operate under the Recovery technologies Mark. Shane thompson will act as chairman of the amalgamated company.
âBased on my 20-year career in battery recycling, no other company is better positioned to be successful in this industry,â said Thompson. âRetriev has processed more lithium-ion batteries than any other participant in this market. The combined knowledge and experience in battery recycling and reuse, collection and transportation, safety and environmental compliance provide an unrivaled platform to responsibly support the rapidly growing battery space. We have comprehensive plans to continue to invest and develop the company’s product line and capabilities. “
Recognizing the growing market demand for safe and sustainable solutions for batteries, Jeff Laborsky, CEO of Heritage Environmental Services, set his sights on Retriev as the ideal technology partner to complement HES core material handling skills. âMore than 7 million electric vehicles have been sold over the past decade, and as the production of new models increases and older models approach end of life, the need for recycling and reuse solutions does not exist. has never been so big, âobserved Laborsky. âOur experience in the safe management of hazardous waste and the management of total by-product programs makes us a natural choice for collaboration with Retriev and the various automotive and battery manufacturers facing this recycling opportunity at industry wide. “
About Retriev Technologies
Retriev, the recognized leader in battery management and recycling, has been at the forefront of safe and responsible recycling technology for decades, processing lithium batteries for over 30 years. Retriev uses a patented hydrometallurgical process that recovers the critical materials needed to make lithium-ion batteries that are used to power our world. Retriev’s reputation is built on research, knowledge, compliance, and responsible battery recycling and stewardship services.
About the Heritage Group
Founded in 1930, The Heritage Group (THG) is a fourth generation family owned business that manages a diverse portfolio of companies specializing in construction and heavy materials, environmental services and specialty chemicals. THG portfolio companies include Heritage Environmental Services, Heritage Construction + Materials and Monument Chemical. With more than 5,000 employees and 30 operating companies worldwide, THG aims to build a safer, more rewarding and sustainable world by harnessing the power of family.
KBI is a fully licensed battery management and recycling operation in Southern california. KBI has over 60 years of experience as a specialist in the recovery of metals from end-of-life batteries and precious metals from automotive catalysts. As collaborative consultants and providers of customized solutions, KBI is known for its knowledge, environmental integrity, proprietary technologies, service excellence and personalized recycling programs that push the boundaries of the sustainability possibilities that set them apart from competition. KBI is the ultimate downstream recycler trusted by the industry.
For more information visit www.SolvedByRetriev.com
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SOURCE The Heritage Group